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Elon Musk considers South Korea for next Tesla Gigafactory location: report

Teslarati

South Korea’s presidential office revealed that President Yoon Suk-Yeol and Elon Musk conversed about Tesla in a video call on Wednesday, November 23. During the video call, Elon Musk reportedly told President Yoon that he considered South Korea one of the top candidates for a Tesla factory in Asia, reported Reuters.

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A look at Tesla’s potential new Gigafactory locations: Mexico, Canada, Indonesia or South Korea

Teslarati

The EV manufacturer has already established a good business relationship with the state government of Nuevo Leon. In September, Canada’s Minister of Industry Francois-Philippe Champagne stated that Tesla did discuss the possibility of building a factory in Canada. Tesla South Korea. Tesla Indonesia.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

Comparatively, EV manufacturing has increased at a faster rate in China, which made up 44% of global EVs manufactured through 2020, up from 36% in 2017. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017. million (or about 10%) are slated to be manufactured in US.

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How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

Unlike the state of things in mid 2021—when crimps in the semiconductor supply chain cropped up in big ways—supply and demand have become much less of a mismatch. With chips finally reaching factory floors, their own manufacturing capacities were restored to pre-pandemic levels by the end of 2022.

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Elon Musk: Chip shortage is a “short term” problem that will likely be over next year

Teslarati

Noted chipmakers such as Intel and TSMC have unveiled plans to expand their presence in the United States to boost their supply, but the planned factories are not expected to come online anytime soon. . Efforts are also seemingly underway to ensure that Tesla’s chip supply is as robust as possible in the near future.

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Stellantis, LG Power enforcing ‘contingency plans’ for EV battery plant in Canada

Baua Electric

OTTAWA — Stellantis and South Korea’s LG Power Resolution are enforcing “contingency plans” similar to a more-than $4-billion battery plant funding in Canada since the federal govt has now not delivered on its guarantees, a Stellantis spokesperson stated. billion ($1.1 billion ($1.1 Thomas, Ontario.

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The Tesla Cybertruck’s most formidable rival gets a bullish battery supply update

Teslarati

The Ford F-150 Electric, arguably the most formidable rival to upcoming vehicles like the Tesla Cybertruck and the Rivian R1T, has practically secured its battery supply. This was thanks to a recent settlement reached by South Korean battery makers SK Innovation and LG Chem, which effectively removed a 10-year ban on SK’s imports. .

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